Why Astra Stock Rocketed a Lucky 7.77% Today

Global launch services provider Spaceflight Inc., a division of Japanese industrial giant Mitsui & Co., had good news for space fans today: Its SXRS-5 flight, which launched as part of SpaceX's Transporter-2 small satellite (SmallSat) express launch back on June 30, has been declared a "100% mission success."

And while Spaceflight Inc. may not be a publicly traded company, with a stock price that would benefit from this news, start-up defense contractor Astra Space (NASDAQ: ASTR) is, and and its stock price just did -- benefit.

Meet Spaceflight Inc.'s family of Sherpa space tugs. Image source: Spaceflight Inc.

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Source Fool.com